Member Info for JAMESY1980

CLSK $21.42 12 Nov Today $8.34
Down 61%!!

Bitcoin peaked 12 Nov

12 Nov ARB = 1.44 Today = 80.5 Today =0.805
12 Nov RIOT = 44.19 today = 19.65

Riot is down 55.5% Arb down 44%

Not trying to knock RIOT - simply showing how it is easy to choose a couple of stats to suit your narrative/agenda.

Fireblade. CLSK look healthy to me and they are an interesting comparison with their selling to fund growth strategy. If Bitcoin hits $100k+, would you not prefer to have a large hodl? Lets be honest potential huge rises in bitcoin are why we are all here. ARB have a 50% higher cap but 500% hodl. We all know that funding expansion is the big exposure here and CLSK have provided a potential route to follow but I would much prefer an approach where we protect most/all of the hodl as in many months to come I hope that hodl appreciation will earn more than mining.

83p Nasdaq close. Need bitcoin to hold up, or even better- blast through $45k overnight.

You don't like community engagement; we shouldn't spend on Stakeholder Engagement: have you considered investing in Springfield nuclear power plant?

Nice rise today. Also good to see Card refining their store model:

https://www.retailgazette.co.uk/blog/2022/02/card-factory-launches-first-new-format-mode

I wish Argo would make two videos like this every week. 52 x 2 x £6.5k = £676k bargain!

Flowerpot, thanks for responding but I was only really interested in direct comparisons. It is very hard to value miners compared to more traditional companies, but I’m sure we all have our own ideas on the most important metrics. I understand your point about Mcap, but it would be interesting from my perspective to look at hodl and realistic production targets to estimate when each miner would reach their current enterprise value. I bet Argo would be up there. I know you will say some have different hodling strategies so it is only/more relevant to those inclined towards hodling.

Flowerpot: “Other companies hodl already out value their market cap”

Who? Assume they are smaller and heavily leveraged?

Argo have taken a very cautious approach to financing IMO and whilst dilution is rightly unpopular there are advantages to having reduced leverage which may make its Mcap more relevant than some others.

Flowerpot - Not sure anyone was comparing Mcap to Hodl, even though I think that is an important metric to me. Whilst everyone is concentrating on 'The Race' it is inevitable that hashrate will grow faster than Bitcoin prices so mining will become less profitable and hodl appreciation will become a more significant factor. I believe that Argo's hodl could outvalue it's current MCap within 12-18 months disregarding expansion so as long as a sensible approach is maintained to funding the expansion, I'm happy.

Don't want to sound too down on mining looking forward as it is still a very attractive cash generator, but Investment today and tomorrow will likely take longer to get a return than that in the past, not that the 18 month break even which has been quoted on some machine investment could ever have endured.

So Core Scientific have an MCap around 7x Argo and 1077 in January is 'Nuts'

1077/7 = 154

A nuts month for CORZ doesn't look much better than a poor one for ARB with perspective.

Valkyrie’s fund up over 2% which may be helping to drive ARBK which is pushing through break even after a poor start.

https://uk.finance.yahoo.com/quote/WGMI?p=WGMI&.tsrc=fin-srch

%renewable energy is one factor in Valkyrie’s ETF, but clearly not the only one as it invested much smaller proportions in some other 100% renewable energy miners. Wonder what the other factors could be? Credible growth and return strategy? I suspect Valkyrie will be very pleased that ARB remained such great value today.

https://twitter.com/christhemoney/status/1490755723009089540?s=21

It's very simple - if you sell Bitcoin for $50k to fund capital investment and it is sitting at $40k in 12 months time you are a genius who will outperform your peers with their expensive financing and depreciating hodl, If it is $150k in 12 months time you are a mug with a depleted hodl and will be underperforming your peers in terms of SP performance. Miners are naturally bullish on Bitcoin so tend towards hodl'ing. I am quite happy with Argo's general approach in this regard.

Really going now.

*Show

Sow me a miner with a better Mcap to hodl ratio?

I was hoping to sell a few today and have somehow ended up topping up another 4,000 shares. Two surprisingly poor days, but this is great value at present IMO.

RNS not too bad beyond the expected issues? Impressive growth in revenue and a positive undertone? Do we know much about the revenue/profitability of the garden centres?

Thanks Fort. No idea how credible Valkyrie are but assuming they have free reign to choose miners giving ARB along with BITF the highest proportion of their ETF is a reassuring sign of things to come.